Real Estate News Exchange (RENX)
c/o Squall Inc.
1101-945 Princess Street
Kingston, Ontario K7L 0E9

Primaris sells 50% stake in Kingston regional mall for $41.8M

2 weeks ago

Primaris sells 50% stake in Kingston mall for $41.8M

Primaris REIT (PMZ-UN-T) has sold its 50 per cent managing interest in Kingston's Cataraqui Centre for $41.8 million as part of an ongoing effort to sell off non-core assets.

Soneil acquires $180M commercial portfolio from Humbold

Soneil Investments has acquired a six-property commercial real estate portfolio across the Greater Toronto Area for more than $180 million from family-owned Humbold Properties. The portfolio comprises approximately 650,000 square feet of industrial, retail and mixed-commercial space.

EverWind unveils $10B N.S. data centre, wind investment

Aspiring green fuels producer EverWind Fuels has announced plans to invest over $10 billion into a data centre campus and new wind power generation in Nova Scotia, said to be the largest privately funded investment in the province’s history.

Hitachi unveils $479M transformer insulation factory

Hitachi Energy has announced a $479-million plan to build a new transformer insulation factory as electricity demand is expected to skyrocket. The 226,000-square-foot facility in London, Ont., is expected to be completed by the end of 2028. 

Revised proposal combines hotel and rentals in 30 storeys

Manga Hotels has returned with a taller proposal for 689 King St. W. in Toronto’s King West neighbourhood, consolidating the previously approved 11- and 18-storey hotel volumes into a single 30-storey building.

Vancouver opens the door to convertible balconies

Having a balcony is nice for people who want to enjoy some fresh air. But what about balconies that could be closed off to shield residents from Vancouver’s rain and wind, and reduce the noise from the streets below?

SAMM launches hotel-serviced rentals in Moncton

Toronto-based SAMM Developments is bringing a new rental concept to New Brunswick which pairs the amenities of its hotel assets with purpose-built rentals. The company broke ground on its LivMore Magnetic Hill development at 2515 Mountain Rd. earlier this month.

Developer testifies he trusted 'Crypto King' with $3.6M

Real estate developer Sacha Singh told jurors Wednesday he funnelled more than $3.6 million into Aiden Pleterski’s purported crypto and foreign‑exchange enterprise, convinced the young man was generating extraordinary returns for people in his circle.

Olymel completes $142M Quebec plant expansion

Quebec pork and poultry producer Olymel has quadrupled production capacity at its Trois-Rivières facility through a $142-million expansion that adds advanced automation and energy-efficient technologies while positioning the company to capitalize on growing demand for affordable protein.

Golf Town invests $15 million in Oakville flagship store

Golf Town is investing $15 million in a new 40,000-square-foot flagship store in Oakville, Ont., marking its 50th Canadian location as the specialty golf retailer looks to expand its retail footprint and enhance its in-store experience.

Vancouver Island’s Comox Centre Mall hits the market

Retail assets remain the top pick among real estate investors, and yet another opportunity has hit the market. The Comox Centre Mall in Comox, B.C. was listed on Oct. 7, drawing a strong response from investors.

Real estate podcasts

The shrinking neighbourhoods in two of Canada’s biggest cities, The Decibel
Use smarter investments to tackle higher interest rates, Vancouver CRE podcast
CEO, CAPREIT: Why apt. REITs could be poised for a comeback, CRE Podcast

Elder care providers innovating on long-term care facilities

Across Canada, a groundswell of new construction for long-term care facilities is growing with elder care providers calling it a transformation in health care. The facilities’ design is called small home units, pods or cottage-living.

Recipe Unlimited acquiring Greek restaurant operator

Recipe Unlimited Corp. has signed an agreement to acquire Evergood, a Greece-based food services business operating more than 575 restaurants, as the Canadian restaurant company expands its international presence. Evergood operates five restaurant brands across Greece and regional markets.

JPMorgan's Chicago office reno costing bank over $800M

The ongoing work to renovate Chase Tower in Chicago's Loop finally has an estimated price tag of more than US$800M, says JPMorgan Chase CEO Jamie Dimon. The project is a key piece in the revitalization of downtown Chicago.

Why Boston has one of the U.S.'s hottest retail markets

Construction of new retail space in Greater Boston has reached its lowest level in two decades, but demand remains hot as fast-casual restaurants, fitness concepts, discount stores and other businesses look to expand.  

Industry Events